David Toll

Investors may be in the driver’s seat these days when it comes to partnership terms and conditions. But through separate accounts and side letters, big investors are driving down costs and building customized investment programs at an accelerated pace—threatening disharmony with their shallow-pocketed brethren.

Portfolio Advisors LLC, an advisory shop that over the last two decades has quietly amassed $30 billion in private equity and related assets under management, has hit at least $449 million on its seventh core fund of funds. The pool is earmarked for buyout funds, venture funds and a variety of other strategies.

North Castle Partners, which famously turned lemons to lemonade with diet company Atkins Nutritionals Inc., is talking to prior investors about raising a fifth fund with a target of $250 million.

It's time to stop beating up on dividend recaps. You can't like leveraged buyouts and disparage dividend recaps. They're two peas in a financial pod.

Here are some of the most popular stories that ran on peHUB this past week.

Only after a portfolio is fully realized can we conclusively pinpoint how the fund performed.

Ask limited partners what manner of funds they have an appetite for and the answer often includes secondary funds.

Steve Judge, the long-time VP of goverment affairs at the Private Equity Growth Capital Council and since last summer its interim chief, was named earlier this week to be its permanent president and CEO. I caught up with Judge this morning to ask about the PEGCC’s response to the debate raging over the virtues of private equity, about the […]

In a city known for cultivating teams with winning records, be it the Giants or the 49ers, the San Francisco Employees’ Retirement System has built a private equity portfolio whose performance tops anything I’ve come across. The diversified, 249-fund portfolio, dating back to 1987, has achieved an overall investment multiple of 1.65x as of June […]